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events affect inflation and unemployment in the american economy? u.s. society was besieged by the twin assaults of inflation and unemployment in the 1970s. why couldn't the government achieve significant success against the ravages of stagflation? in the late 1990s, the economy was booming. unemployment was at a 30-year low, and inflation was also at a 30-year low. did that mean inflation was dead? during the 1970s, the american dream threatened to become the american nightmare. for the first time, we were faced with skyrocketing prices and exploding unemployment. stagflation -- why couldn't we beat it? with economic analyst richard gill, we'll explore that question on this edition of "economics usa." i'm david schoumacher. schoumacher: since the passage of the employment act in 1946, it has been accepted policy for the government to fight unemployment by stimulating total demand. often, inflation resulted. when that happened, the government shifted gears and clamped down on demand in order to decrease inflation. for five administrations, the government more or less successfully practi
to say the least for the global economy. we will explain. plus new data reveal that u.s. growth has been slowing down again. weather is a problem, and that was before the next winter storms coming this weekend. and the new hockey arena in detroit that developers believe could help save the city. i'm david shuster in for ali velshi. and this is "real money." >> this is "real money," and you are the most important part of the show. join our live conversation for the next half hour on twitter, facebook.com/aj real money. this has been another day of uncertainty in ukraine. a small country that plays a pivotal role to economic giants. the instability of ukraine and the di ployment of russian troops, in the crimea region of ukraine. one quarter of western's natural gas is supplied by iran, and half of that goes through ukraine pipeline network. any disruption would hit germany hard which depends on gas to run its factories. as it stands russian officials say they need $15 billion this spring to avoid a financial default and keep the country's economy going. in recent days an interim governmen
, acquired more power to affect the economy than even it imagined at the outset. the federal reserve: does money matter? with the help of economic analyst richard gill, we'll explore that question on economics usa. i'm david schoumacher. coins, bills, checks-- our basic money supply. the amount of money and where it goes wiin the banking system has been the main concern of our nation's central bank. at the fed's headquarters here in washington, dc, closed deliberations are held by experts who continuously monitor our financial health and prescribe remedies. how did these experts prescribe a remedy that plunged us even deeper into the great depression? early in the 20th century, american banks operated with little regulation and great vulnerability. in 1907, that vulnerability became apparent when depositors lost confidence and demanded their money. the banks couldn't get short-term loans, and many colpsed. it took a powerful banker, j.p. morgan, to end the 1907 panic. but should an entire country be dependent on an individual's whim? a central bank, a lender of last resort, seemed a better
obligated 2.0 around this time 2009 the shot that just hit the economy that was possibly worse than the shots that precipitated the onset of the great depression. my predecessor christie romer pointed out the stock market fall in 2009 was similar to the fall of 2008. but the home prices were considerably larger as a result five times larger at the onset of the great recession as the onset of the great depression. we have also documented ways that the shock was worse. while we are still digging out there is no question a great deal of progress. adding 2.4 million jobs marks the third consecutive year of job growth from february 2010 private employment has risen in 47 consecutive months for a total of 8.5 million jobs. we think of the ups and downs with the employment data. you can see steady consistent job growth at a pace of about 190,000 private sector jobs didn't november december the resawed job growth faster than that pays. december and january it did not come up to that average for a variety of things whether the whether seasonal factors or normal boy is sid measurements that b
is the new government's economy and trade minister. thank you for being with us. you've heard hydration on ukraine. it seems fairly serious, how would you characterize it. >> it relates to public finance. the public finance is in pretty bad condition. however, the health of the economy is not that bad. comparing, for example, with the situation, with the crisis of 2008 when the next year in 2009 ukrainian economy collapsed by 15%. last year 2013 was not so good, but it was not so bad. so what is recorded is zero percent of growth, it doesn't make us happy at all, but it's nothing like the crisis in 2008. at the same time let me repeat the public finance is in disarray and something we need to take care of. >> you're the economy minister. you're a trained economist as such this could not be good economics to be dealing with a fiscal crisis, a public finance crisis and possibly a war. what is happening in your government right now to avoid this escalating any further militarily. >> ukraine will be using only peaceful means. we are being provoked, but we are not responding to the provocati
that it is too early to determine how the extreme weather conditions will affect the u.s. economy. that hearing is next on c-span. said thatan senator russia will use political instability in the ukraine as an excuse to invade the former soviet republic. deliversdent joe biden remarks to a democratic party meeting. >> deaths from other major diseases continue to decline. --t's from alzheimer's a whisper is better than the silence. it is still not enough. it needs to be yelled and screamed to the point where get the attention and the funding that it deserves. i dream of the day that my charity is no longer necessary and i can be the leave the man child i was always meant to be. we continue to take steps to provide more. rogen is advocating increased awareness for alzheimer's disease. tv, anmething on book author will take you are comments on what he calls black power studies. c-span3, american history tv visits the national gallery of art. sunday at 6:00 p.m. >> the head of the federal reserve says that there was a slowdown in consumer spending. the health of the economy and u.s. monetary policy
prices in europe would raise the unlikely but scary possibility of europe's fragile economy being pushed back into recession that could deal a direct blow to u.s. companies, investors and consumers. calls for sanctions are increasing. sanctions worked against libya and iran, but russia is closely tied to europe through those pipelines that carry crucial natural gas, so while the idea may appeal to americans, they are a harder sell in europe. the european union gets a quarter of its natural gas supplies from russia and half of that is routed through ukraine's pipeline network. any disruption would hit germany which defends on the gas to run its factories, especially hard. and if prices of germany out put increases that would rock europe. russia could shut off supplies pre-emptively in response to the threat of sanctions or step things up militarily sending troops into eastern ukraine which is part of the natural gas transit route to europe. >> crimea isn't really on the transit group, however, the east ukraine, a lot of russian speakers there, if the kremlin seeks to broaden those conflic
supporters express their displeasure may effect russian economy with risks to its neighbors. >> reporter: global powers to the east and west discuss ways to prevent escalation after the weekend takeover. pro russian troops have taken over and russia said it's not their military. in paris u.s. secretary of state john kerry met with russian foreign ministers sergei lavrov in a session that was intended to be about lebanon. >> the suspending u.s.-russia engagement, and suspending g-8 summit. russia made a choice. we believe it is a wrong choice, the choice to move troops into crimea. >> reporter: on wednesday the european union offered ukraine $15 billion in aid. the same amount russia offered the country before former ukrainian president viktor yanukovych ouster. the e.u. plans to meet thursday about the possibility of sanctions but so far the group has treaded lightly. >> crisis diplomacy is not a weakness but it is more important than ever for us not to fall into the abyss of a military escalation not to blunder into this abyss. >> summited osummitvladimir puts unfazed. the u.s. really h
economy left them no choice but to leave. >> we could see criminality was rising, and we could see that the buildings, mr. there were run down and a lot of businesses for sale. >> sÁnchez is one of the thousands who have left puerto rico for work. >> in a lot of businesses, in the main avenues, a lot of homes for sale. these are in nice neighborhoods, and they would stay for sale for a long time. then you see the grass growing and the trees and all of a sudden this property has been abandoned. this is it. either i move or i'm going to be losing what i have here. >> and in each "for sale" sign sÁnchez saw cropping on her street a deeper economic problem boiling. junk status. that's how fitch, standard & poor's, and moody 's classifies puerto rico $70 million debt. the per capita income is just over $15,000. half of the poorest american state. and unemployment stands around 15%, double that of the u.s. mainland. >> the more inequality, the less healthy as a country. that's where we're heading right now. we don't stop this vicious circle, we're going to race to the bottom. >> puerto
. she says a drying up economy left them no choice but to leave. >> we could see criminality was rising and the buildings were run down. >> one of the thousands educated puerto ricoians that left the island for work. >> in a lot of the businesses in the main avenues a lot of homes for sale. these are like in very nice neighborhoods and stay for sale for a long time and you see the grass growing and the trees and all of a sudden it is like the property is abandoned and this is it, either i move or i'm going to lose what i have here. >> for aech -- each of the for sale signs, junk status. that is the debt equal to more than 90% of the island's gross domestic product and the per capita income $15,000 and unemployment is 15%, double that of the u.s. mainland. >> the more inequalities and the poorer the country. if we don't stop the circle we are racing to the bottom. >> puerto rico's government is testing a list of measures to climb out, tax increases and rebalancing the pensions and new bonds to help pay the bills. >> we cannot continue financing, ob rate as we did in the last ten years or
on housing says the best of the recovery may be behind us. so is the economy in the winter doldrums or are there real problems ahead? >>> grand canyon, a controversial bill in arizona has big business racheting up the pressure on the state's governor. >>> and being nimble. in the second part of our health care series, how one health insurance start-up is trying to compete with the big boys. we have that and a whole lot more on "nightly business report" for this february 25th. >> good evening, everyone, and welcome. after months of punishing snow storms and bone-rattling temperatures across much of the nation, a lot of people along with retailers, real estate agents, auto materials and just about everyone else seem to have bad case of spring fever. with the first official day of spring three weeks away we're getting now some hard numbers on the weather's toll on the economy. specifically its toll on two of the nation's biggest store chains and the price it's exacting on the housing market. we start today with a read on how economy is doing right now after home depot and macy's both s
>> the u.s. economy grows, but at a slower pace than estimated. we will meet the special effects expert who sends cars flying. your viewers here in the united states and to those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines today. sue keenan follows matthew martone. it the global response to the crisis in ukraine. that's coming up in a moment. order in, restoring the ukraine. when region that threatens to spiral out of control is crimea. saysne's acting president russian troops are "directly involved" in the growing conflict on the ground. the country's newly appointed secretary of national security and defense counsel. we asked him about the growing tensions with russia. yes, i am. i'm worried about it, for sure. also, the capture of the government and crimea by units which in my opinion were sent from russia from moscow. we see a very aggressive method of carrying out politics towards ukraine. we could serve their attempts to divide ukraine or at least take crimea. >> with all the tension and crimea, would yo
-- actions are affecting the economy and where the economy is heading. i now turn to ranking member crapo for his opening statement. >> thank you, mr. chairman. and welcome, also, chair yellen on your first appearance before this committee as the chair of the federal reserve board of governors. today's hearing is an important opportunity to examine the current state of monetary policy. since your confirmation hearing in november, the fed has begun the process of tapering its quantitative easing purposes. the pace of quantitative easing purchases has come down by $20 billion. this is a welcome development for those of us who disagree with the federal reserve's quantitative easing policy and prefer to see qe purchases end entirely later this year. by the time the fed stops expanding its balance sheet it will hold over $4 trillion in treasury and mortgage backed securities. former chairman bernanke suggested the fed might maintain the size of the balance sheet for some time rather than reducing it. this would mean the balance sheets to purchase those assets would remain in the financial syst
is the impact washington's constant tinkering with the tax code has had on our economy and our families. we don't have to look long before we see but the current tax code has done to jobs. wages have been steadily falling over the last five years. this economy cannot even produce enough jobs for all the kids coming out of college today. there are a record number of young americans who are moving back in with their parents instead of launching their own careers and starting their own families. the last time we reformed the tax code was 1986. that was 28 years ago. beacon is nowthe falling behind. it risks falling even further behind unless we take action. the time to act is now. america cannot afford to wait. i really saw up close just what a mess washington was making of the tax code back in december of 2010 when a few of us in the administration, the senate and house would huddle on a daily basis to figure out how to handle expiring tax provisions. there was no rhyme or reason and no justification for such short-term policymaking. not when the real world makes business decisions on a long-term
budget office, nonpartisan entity that provides the facts and figures. we help the economy and help those who are in the middle class and aspiring to be in the middle class and we can make this country a lot better. at this point i quo would like to yield to the state of pennsylvania, one of my freshman colleagues, mr. cartwright from he state of pennsylvania. kyte kyte i want to say -- kite die i want to say i was -- mr. cartwright: i want to say i was impressed with the colloquy you had with mr. miller and i wish to associate myself with those comments. they were very well taken and i for one, and i know i speak on behalf of the entire congressional progressive caucus, but i for one hope that the national labor relations board revisits what happened in chattanooga, because what we believe here in america is free and fair elections and that includes labor union elections as well. we are here to talk about raising the minimum wage. and it was only appropriate that mr. miller from california was here with us this evening, because he's one of the co-authors of h.r. 1010, the bill to raise t
, industrial production grew the most since 2011 indicating the economy is strengthening. jumble. of data but a all thisrning we got data. starting at 8:30 a.m., gdp. at gdp so look we get in theory they refined any little bit. also, personal consumption -- consumption. 9:45 a.m., chicago or kissing managers index. michiganversity of converts number and pending home sales at 10:00. and we may be getting the letter from mr. buffett as well. last year's letter was strong and smart from the buffet we wew years ago -- buffett knew years ago. check.ave a warning data stocks, bonds, currencies, commodities. i am going to call it off but i am going to say the markets are calm her given what we saw in the ukraine yesterday. 2.6710-year and the euro .s stronger, up near 1.38 you can really see the geopolitics coming in. -- a stronger102 yen. the ruble is stable. that speaks volumes. the backstory away from the ukraine is the managed weakness of the chinese yuan. 615 -- six .15. scarlet fu has the front page. >> the crisis in ukraine keeps expanding. overnight him of the latest --elopments are russ
you see a situation where a slowdown in emerging market economies will have a feedback on to the developed world? >> it's very different than the late 1990's. there were not enough foreign reserves to handle the money leaving to finance the deficits. key point i would emphasize is let's go back to 300% of the total capital exposed to latin america. today when i do the analysis, all of the developed market angst have about 70% of their capital exposed to the emerging markets overall. the short answer is we just don't see a banking crisis contagion risk from the emerging markets right now. >> alex, thank you for joining us today. friedman, cio, from ubs wealth management live from zÜrich. >> we are getting numbers from the dutch nutrition business. fourth-quarter revenue coming in a touch billion euros, ahead of the estimate of 2.35 billion. , 316 million euros in the third quarter also just ahead of estimates. these are the final results and they are increasing their dividend repeating the aim to offset negative currency impact, something that they warned about back in
the economy a $160 billion boost. so how many vacation days did americans not use in 2014? find out, next. (vo) you are a business pro. seeker of the sublime. you can separate runway ridiculousness... from fashion that flies off the shelves. and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national is ranked highest in car rental customer satisfaction by j.d. power. (natalie) ooooh, i like your style. (vo) so do we, business pro. so do we. go national. go like a pro. >>> back now with today's traveler's check, how many paid vacation days went unused in the u.s. in 2013? 429 million. >> welcome back. tracking the weather forecast for you, the national forecast, we head to the west coast because we have a pretty potent system that's about to move in, moving in right now bringing in steady rain along the west coast. we need this rain, but it's coming in ram yidly and heavily. that could lead to issues b here for us for the day. across southern california, some of those burned areas with the wildfires, wildfires, 3 to 5 inches of rain pos
in my power to rebuild an economy where everybody who works hard as a chance to get ahead. where we are restoring our founding vision of opportunity for all. thanks everybody. have a great weekend. >> i am and wagner. it is an honor to resent the heartland of our country in st. louis, missouri is a member of the united states congress. my dad used to tell me that your word is your bond. when your bond is broken, your trust is broken. obamaunately, president has broken that bond with the american people and they no longer can trust his word. it seems like every week there is another broken promise i this administration about obamacare. about -- as a candidate for president, senator barack obama's from his to sign a health care law that would cut the cost of a typical family's premium by up to $2500 a year. as it turns out, the so-called affordable care act is not so affordable for american families after all. quietly released the support from president obama's administration just last week revealed that 11 million workers will see their premiums go up because of obamacare. these are
will join us in effort to help shore up the economy, pull the country together and provide a road forward. lou: administration through john kerry's words extending an open hand seeking it sounds like a partnership with the russians, after president obama made is clear that there were potentially grave consequences awaiting russia. president himself, has not addressed this crisis since width of last -- wednesday of last week when he issued this warning that then president yich dwrich. > yanukovich there will be consequences if people step over the line, include making sure ukrainian military dud not step in in when should be a sit of issues that can be resolved by civil unions. lou: russians taking of the step. @% sending one of its naval ships, to cuba. reports that russian semiship on your screen, is there for surveillance, just over 100 miles from the united states this picture taken in port of havana late yesterday. our first guest said that dodge has demonstrated a -- obama administration has demonstrated a pattern of appeasement of the russians and hard to expect anything but a conti
can spend $800 billion, and that's not going to jump start the economy in a meaningful way when the government starts to direct the projects. the best way is give businesses assurance they won't be tax deduct and they won't get crushed on regulation. $800 billion stimulus package was needed. what wasn't needed is the government directing the winners and the losers. >> it's a good point. adam, it misses another point, what are you doing with the $120 billion you are getting from federal, state sources to address our roads and bridges? because they're still tumbling down. they're in awful shape. but before you ask for another penny from me, i'd like to see you account for the pennies i have already given you and they don't do that. >> well, i think you put your finger on it, neil, i thought that opening video was meant to show crumbling infrastructure, not a run away train. >> that is the problem. you assume, you feel like the administration is not, the government doesn't say how the government money is being spent. >> that's exactly. >> my assumption is the $120 billion isn't eno
prosperous economy. what we've got to do is get out and not only talk about that gospel but implement it on the ground so we are changing children's lives. and whilst a lot of progress has been made and we should be congratulating ourselves for that, more has to be done. i'm gad to chair, and to make a difference for the children who are still out of school and the children who are in school that the quality of their learning isn't really high enough. they are not coming out of school being able to read or right or do math. >> what is the impediment? >> the aid effort, the amount of aid money going into education go backwards by more than 6%. i think that's a very concerning statistic. when we know we're going to to make sustainable change, the glop global partnership for education, has made a real different will be out and about knockinknocking on doors in comg months as we move towards our replenishment round to try to galvanize more effort into education. i think there has been more momentum generated, a lot of things have happened, more kids in school more girls in school, develop
on that country's economy and it's need to avoid default and it's highlighted russia's economic weakness and it's overreliance on energy exports. these two countries are home to plenty of rich people. plenty of billionaires, but that was not always the case. back in 2004 forbes reported that russia had 25 billion narrows and ukraine had none. ten years later forbes said russian has 111 billion narrows and ukraine has nine. the u.s. and china have the world's most billion narrows. all this information and more is in the forbes world billion narrows issue out this week. joining me to talk about those on the list, cary, good to see you. thank you for being with us. >> thank you for having me. >> ologarts suggest a small number of people who control a large part of the economy. >> and in russia and ukraine, you have billionaire ologarts. but not so in other places in the world. >> in america you could be a billionaire and not have an influence on anything but where you spend your money. when you look at some of these unstable economies where two decades ago people were living in troubled times in a
the world's second-largest economy with steady growth and a 12% increase in spending. -- in defense spending. also coming up for you this hour on "france 24," just 100 days to go until the football world cup in brazil. but things there are far behind schedule. we will take a closer look to see just if it will all be ready on time. and karl lagerfeld gives his latest show a very commercial twist just returning paris' cash crunch into l.a. into a giant chanel market. latest on the ukraine -- the head of the european union executive arm says that the ee was ready to provide ukraine with $11 million -- 11 billion euros in aid, made up of loans and grants in the coming years. it comes as there has been a flurry of diplomatic maneuvering on ukraine throughout europe today. the russian foreign minister was in spain first this morning for talks. speaking in madrid, he repeated russia's assertion that armed men deployed in the eastern ukrainian region of crimea are not russian forces. >> we believe that the problem in ukraine comes from the international community's lack of reaction. it failed to fin
latest report on the state of the u.s. economy, then, more unrest in the ukraine. four russian protesters storm a building. aboutusk tells congress taking national security to outer space. ♪ to our viewers in the united states and those of us joining from around the world, welcome. yang yang is on capitol hill where elon musk testified about the state -- the space race. yet another delay in obamacare rules. we begin with peter cook and .reaking news good. >> good afternoon. a snapshot of the u.s. economy. conditions rummy come -- the economy,uggesting the continues to move forth. the growth could have been better if it had not been for all the bad weather around the united states. compiled by the stats, the federal reserve bank of atlanta indicate economic conditions continue to expand. eight districts reported improved levels. only district to report the activity actually slowed. the weather is a significant factor. it hit consumers as well. retail sales weekend since the report for most districts. severe weather activity. moderateis reported sales growth since the beginning of the yea
ukraine's economy. phil ittner is live in kiev with more on that. phil? >> reporter: john ever since this crisis began, it has seemed as though russia and vladimir putin is very much in the driver's seat. and now it does seem there is a real effort to try to form late a corporated response. here in the capitol at anxious and fledgling government is urging the russians to leave but trying to shore up the nation's damaged economy. >> translator: the economy has become a hostage of the security situation that we now have in ukraine. you know our russian neighbors have made an aggressive pass towards ukraine. >> reporter: and a skittish market has already dealt a blow to its economy. western leaders are looking at economic leverage as perhaps the best response to russia's action, economic isolation analysts are calling it. still the russians have the boots on the grown, and seem to be calling the shots. president vladimir putin inspected russian troops here the border. the russians say the war games were planned months ago, but it sends a strong message. ukraine beefed up security away f
fracking is important to the growth of our economy. but if you want the political support of the american people, some things need to change. we need to investigate the impact of hydraulic fracking and the use of recycled water instead of fresh water. we need to mandate testing of water near fracking sites and the transportation of oil and gas. most importantly, the halliburton loophole and you need to require public disclosure of hydraulic fracturing. >> they don't care. -- [inaudible] they should take the exceptions off the table. >> just a short clips of the studentcam winning documentary this year. earth first, fracking second. 18 the ninth graders from long beach, california. as i mentioned, many winners across the united states. this year we did three regional winners at the high school level. i will tell you more about who won the top five for high school. beginning with the top five in high school is diagnosing the problem and the winners are shelley ortiz, nine indian deed and hannah good. twelfth grade art institute in phoenix, arizona where they are served by communications. th
>> the first thing, labor markets. the economy added 254,000 new jobs, in january, 114,000. to put that in perspective, with growth of one percent per year, the united states needs $150,000 -- 150,000 jobs per month to stay even. with robust jobs growth on the order of 102,000 plus, the labor market is going to continue to be a challenge. >> to the point that michael mckee was making, to the extent they will have to look at this, you can't just pay attention to job growth and the unemployment rate. labor data is complicated and noisy these days. how much of a challenge is it for janet yellen, that she, just like in england -- is running to the problem of guidance? >> the big challenge is communication and following. right now, there is a lot of slack in the system, inflation is not an issue and there is no sign of an economy overheating. but the question is, how do you communicate that when you have put out the status on the unemployment rate? how do you indicate that the unemployment rate, in his current environment, with 6.7% -- with longer unemployment, is not like 6.6% unemploy
in harmony or complementary it would be better for the overall economy. there are several examples. the current debate, most objectives suggest that could add anywhere from 180,000 to 200,000 jobs in the economy into the same time helping people who need help. we are trying to find the healthcare systehealthcare systr which is another example of how the fiscal policy could aid the reference. can you comment on this purpose activity. >> there was a pose a substantial drag on spending in the u.s. economy over the last several years. the cbo estimated that last year the fiscal policy drag probably subtracted a percentage point and a half for growth. the drag is likely to listen to substantially during the current year but nevertheless it remains some drag and of course it is true there has been fiscal policy drag and the burden on monetary policy has been larger. this is true not only in the united states but in a number of advanced countries in europe and in japan. my predecessor has always urged congress recognizing there are substantial long-term budget deficit issues in the need f
the recession ended, which happened in june 2009. since that time the economy has recovered a lot of. the unemployment rate has come down but it's been an even. many of the income gains have gone to the top. i think people fairly to some degree blame washington for not trying to figure out a way to make the recovery and benefit the population in a broader way. a colleague of mine did a great report a few years ago looking at the wealth of people in congress. congress 30 years got a lot more people are just middle class and came to congress. now there's a lot more millionaires in congress and people in congress are part of the 1%. i think the caller is frustrated and shares frustrations with a lot of americans about whether congress is looking out for the average person in a way they hope it should be. >> host: on twitter, you think someone who makes 1 million a year and some who makes 1 billion a year should have the same tops -- top tax rate? >> guest: i don't know, i don't know if i've a strong opinion on that. i can get it right now they essentially did the same top tax rate techn
is keeping the day today the economy going. russia is better positioned than anybody else better than the imf better than the brt because they are in daily contact with ukrainian economy. that's why peace and normal business conditions are so important to all parties here. just joking that the question on who is going to come to ukraine's a d d d thing that ukraine will have to choose between the west and russia at some point will it be able to balance the two. i think it's a dichotomy and i think sergei lavrov russia's extremely experienced and highly regarded foreign minister has said that this is not a zero sum game. not one of the other. it's both ukraine needs europe. as a trading partner as well as a political friend and ukraine is russia is no reason they cannot be on friendly terms with both assuming the russians and the europeans can agree that mr recently cannot agree sergei lavrov has worked closely with his opposite numbers. in the eu in poland and germany. in the united states. these foreign ministers can sit around a table as it did last week and cut a deal. make sure that russi
have been steadily falling. this week economy cannot even produce enough jobs for all the kids coming out of college today. there are a record number of moving back in with their parents. the last time we heard from and tax it was 19 86. the america was a beacon for investment hiring and small wages. it is now falling behind. it risks falling even further behind. the time to act as now. america cannot afford to wait. i really saw what a mess washington was making back in december 2010 when just a few of basisld huddle on a daily to figure how we would handle aspiring tax revisions. not when the real world makes business decisions on a long-term basis. after that, i sent the committee to focus on comprehensive tax return -- reform. we held over 30 hearings. sandy levin and i formed 11 bipartisan working groups. reform.govnched tax on the need for suggestions in how to do tax reform. have done to say we this in the most open, transparent, and bipartisan basis. the democrats asked to see the bill to start analyzing. that is what i am here to kick off today. decade.artie lost a enact a re
in the chinese economy. fell tofacturing gauge a seven-month low of 48.5. the government reading fell to 50.2. the premier is meeting with the government this week to map out the economic strategy. president obama and israel he prime minister benjamin netanyahu are seizing the moment to make peace. he believes the palestinian authority president is sincere about recognizing israel. president obama made these comments in an interview. the world is watching russia. will president putin take crimea and leave ukraine alone? or is this the start of the cold -- of a cold war power grab? don't miss that conversation. it is coming up next. later in the hour, don't miss our all-star panel on european tech startups and women in leadership. these two leaders will join us later on "the pulse." >> good morning, welcome back. you're watching "the pulse." the escalating crisis in the ukraine. our next guest is the former russian nuclear weapons specialist who has been accused of spying for the west by russia. he was released in a 2010 prisoner exchange with the united states. he's now a research fellow at
subcommittee hearing on alzheimer's disease and its effect on the economy. live coverage at 2:00 p.m. eastern. >> well we are told of as students and as a nation in terms of popular imagination is that there are all types of sit-in's and marches and demonstrations that occur, but they're really done by these famous iconic people. basically rosa parks is just was so tired that she refused to get up from the bus and sparked the bus boycott and basically a young preacher who even the president referred to during the election as this year and a preacher from georgia, darter martin luther king jr. he leaves the masses of african-americans from racial oppression. this notion that rose a cent and martin could do this stuff in jessica run and barack could fly, they sound good, but they're really simplify and much more complicated history. that complicated history involves so many african-americans, women and men who proactively dismantle racial segregation, including rosa parks who was an activist. she did not just refuse to give up her seat by accident. it was a concerted and strategic effort to try
states economy. >> i think there are things we can do instead of waving the white flag of surrender and declaring that economy to be a minimum wage economy, i think we can do better. >> things got testy outside the white house yesterday as governors voiced their disagreement on issues like keystone and the minimum wage and tax reform, all this after meeting with the president. what's not debatable is that thanks to their pro growth policies red state republican governors are allowing their states to lead the economy recovery. much different than nationwide. joining us is one-on-one tonight, oklahoma republican governor and chair of the national governor's association, we welcome back mary fallin. governor fallin, thanks very much. i heard this conclusion reported about a couple of months to decide on keystone. i don't get a couple of months. they've been looking at it for years. they've had all these studies. the state department just did another study. we need all the oil that we can possibly get and by the way keystone is a lot safer, is it not, than rail and truck and all the res
you who is going to be the leading economy, united states or china? that's not patriotism. that's reality. america is better positioned than any other nation to dominate in the 21st-century. china, god love them. i spend a lot of time in china and a lot of time with president jean. .- president ching they don't have enough water to take care of their need for the next 25 years. they not only have an energy problem and the pollution problem. they have a problem of fundamental shift in their society from an agrarian society to a society made up of cities arty 5 million people. they are in a position where they have real problems. we want to see do well, manufacturers coming from europe as well as china and the far east? gas is seven times cheaper here than it is there. epicenterng to be the of energy in north america throughout the first half of the 20th century. that's not a boast. it's a pure, natural fact. going for us.hing everything. education. best our workers are three times as productive. that's not the kids they are bad. we are better. it's time we remind ourselves just h
is under going a revival and there is the economy, 15 years ago, in 1999, russia tgp went to an all-time low of $196 billion. a 60% collapse from the soviet hay day. in 2012, the gdp sored a high topped $2 trillion. a 1000% increase. russian president vladimir putin is now on his third term. he is showcasing the influence on the world stage. and he has the big moe. from the syrian peace talks, russian diplomacy is thriving the agenda the u.s. and the eu along for the ride. now, the on beginning ukraine problem reveals russia's breech. there is the russian military, putin has modernized the nuclear weapon, missiles, and navy, toteablely, his submarine fleet. this week, russia mobilized 50,000 troops on ukraine borders are tanks, artillery, and apower. all of this, unscheduled military maneuvers. they were announced midweek, through proper channels. but with little advanced notice. they are scheduled to last through monday, march 3. one of vladimir putin's ambitions for russia, pat. >> jon, the united states and the west had the advantage over russia, they removed thna alliance and cu
. and through all of this week, china's economy, through all of this, rather, china's economy continues to grow. president xi jinping and his administration are expected to introduce more reforms with the goal of achieving long-term stability. all this week we're bringing you insight and analysis with our special series, "china: road to reform." nhk world's raja pradhan is leading our coverage. he joins us live from beijing. raja? >> hi, gene. this once a year meeting is so important here in china that people in this country categorize it as its own season, the political season. npc spokesperson spoke to reporters ahead of the opening session. she talked about president xi jinping's determination to tackle bureaucratic corruption. fu says there will be zero tolerance for corrupt officials and anyone found guilty must be harshly punished. fu dismissed worries that other nations have exposed about china's ongoing military buildup. she said china believes it can maintain peace by strength and that the chinese people can only be rest assured if they're the strong force defending their homeland and
is guardedly optimistic about the global economy...which added into the buying blitz on wall street. and the power of the plug. yesterday we told you about the fuel cell stock plug power that surged 24% monday well on tuesdays it rallied 15% more.. trader daniel stecich of athena advisor services joins us now. there was a collective sigh of relief in the market yesterday but will that continue? >>i think it will. you have to put what happened in russia behind us and if you look at what happened over the course of the last week, the market had a decent gain. if you could take monday's loss out of itwe closed friday around 18.56 with a high of 18.59. you take all that out of it and we gained a few points no doubt and i think that's because of economic data. that's what we need to look at right now. >>exactly. we have a lot of it coming in today as well as the jobs number on friday. >>yeah, the big one today is going to be the institute of supply and management non- manufacturing. keep in mind that 70% of our economy is driven by consumer demand. i believe this number will be good. we
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